Tube Packaging Market 2018: Industry Key Players, Share, Trend, Applications, Forecast to 2023

Global Tube Packaging Market expected to experience significant growth forecasted period:

Market research future published a cooked research report on Global Tube Packaging Market that contains the information from 2014 to 2022. Global Tube Packaging market is expected to grow with the CAGR of approximately 5.79% from 2016 to 2022

The global tube packaging market is segmented into three segments: materials, product, and application. Market categorization on the basis of the material includes laminate, plastic, aluminum, and others. On the basis of the product, it includes Squeeze tubes, Twist tubes, and others. Light weighted, cost-effective, and can be used to package various types of products belonging to different industries such as pharmaceutical, cosmetics, and others. By the application, it is segregated as personal care, pharmaceuticals, food, consumer goods and others. The global tube packaging market is expected to reach USD 8,297.7 million by the end of the forecasted period at a CAGR of 5.79%.

Taste the market data and market information presented through more than 66 market data tables and 55 figures spread in 117 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Tube Packaging Market Information from 2014 to 2022"

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The factor driving the tube packaging market is growth in the pharmaceutical industry. Pharmaceutical plays a major role in protecting the drugs from direct light, moisture and damage while handling during transportation. The demand for sustainable & convenient packaging and excellent barrier property in cosmetics and oral care has been the key driver in the growth of the market. Consumers due to changing lifestyles are dependent on the innovative packaging of the items.

The report has been analyzed based on material, product and application in the regions of North America, Europe, APAC and rest of the world. On the basis of material, plastic segment has the largest market share due to its wide use in cosmetic, pharmaceutical, and many more products. On the basis of product, Squeeze tube segment accounted for the highest market share due to increase use of squeeze tube by packaging industry. They provide excellent barrier properties such as damage proof, non-toxic and hygienic. It is very convenient to use due to which they are most widely used. This increase in use of squeeze tube will lead to the growth of this market

On Nov 23, 2016 Amcor announced an expansion of their flexible packaging platform in the strategically important Northern China region by the acquisition of Hebei Qite Packing Co. Ltd. with USD 28 million. This acquisition will enhance the attractive platform for growth with new and existing customers in the important Northern part of Asia Pacific region

Personal care segment accounts for the highest market share during the forecast period

Personal care segment is expected to account for the largest market share during the forecast period due to increased emphasis on packaging across all industries. This is backed by the need for packaging that retains the product value and form. Packaging plays a major role in delivering the products to the end-user safely. Pharmaceutical also plays a major role as an end-user of tube packaging because drugs and ointments are packed in tubes. Due to property such as lightweight and less expensive lead to increase in usage of tube packaging. This will led to the growth of this market.

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We recognize the key players in the global tube packaging market as include Amcor Limited (Australia), Sonoco Products Company (U.S.), Huhtamaki (Finland), CCL Industries (Canada), Albea Group (Luxembourg), Essel Propack Limited (India), Montebello Packaging (Canada), Unette Corporation (U.S.), World Wide Packaging LLC. (U.S.), Sinclair & Rush, Inc. (U.S.)

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This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global tube packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.

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